2019-2-9 12:41 |
BSV/USD Long-term Trend – Ranging Distribution territories: $90, $110, $130 Accumulation territories: $40, $30, $20
BSV/USD market has not been visibly able to push out of the price range zones it has been keeping in the last couple of weeks back. There have been serious price range movements around $60 mark since January 29 until now.
A notable spike emerged on January 6 in the BSV/USD price stance but couldn’t surge northwards further past the upper range zone. The two SMA indicators are now found conjoint with the weak market price action hovering a bit above them. The Stochastic Oscillators have crossed hairs at range 40. That appears there can now be a consolidation movement in the BSV/USD trade.
A reversal at the recent high market point has only invigorated the bears to hover the market value around $60 lower range zone. The $70 upper range zone has been established to be the immediate vital price line that marks a potential journey to the crypto-trade upside movement were its probable breakout would be sustained above that price point.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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